Market View: Investors return to US tech shares; Trump trade; US PCE expectations; Singapore’s headline and core inflation slows more than expected in June; Expectations on MAS’ next move and more

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Singapore stocks opened higher today following overnight gains in overseas markets after a shaky end last week.

In early trade, the Straits Times Index (STI) headed up 0.5 per cent to 3,455.38 points after 47.5 million securities changed hands in the broader market.

In terms of companies to watch, we have Seatrium, after the offshore and marine specialist secured S$180 million worth of contracts to repair and upgrade various types of ships, such as offshore vessels, ferries and tankers.

Elsewhere, from more on Singapore’s inflation slowing more than expected in June, to the implications of US Vice President Kamala Harris potentially securing broad support to become the Democratic Party’s nominee – more local and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.

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